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TORONTO (AP) — TORONTO (AP) — Iamgold Corp. (IAG) on Thursday reported fourth-quarter net income of $24 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Toronto-based company said it had net income of 5 cents. Losses, adjusted to account for discontinued operations and non-recurring gains, were 2 cents per share.
The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.
The gold and niobium mining company posted revenue of $207.2 million in the period.
For the year, the company reported that its loss narrowed to $70.1 million, or 15 cents per share. Revenue was reported as $958.8 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a IAG">Zacks stock report on IAG at https://www.zacks.com/ap/IAG